Kirkland Advises Francisco Partners on its Pending Acquisition of Blackline Safety

Kirkland & Ellis represented Francisco Partners on its definitive agreement to acquire Blackline Safety Corp., a global leader in connected safety technology, for up to $9.50 per Share (the total consideration), comprised of $9.00 per Share in cash on closing (the cash consideration) plus a contingent value right of up to $0.50 per Share. In connection with the transaction, DAK Capital Inc., the Lowy Family Group, and Blackline’s CEO, and a DAK Capital Inc. nominee director have entered into equity rollover agreements with Francisco Partners and its affiliates, pursuant to which they agreed to exchange all or a portion of their shares in Blackline for shares of the purchaser or an affiliate thereof. The cash consideration and total consideration represent an aggregate value of approximately $804 million and $850 million respectively, excluding the impact of rollover shares.

Read the transaction press release

The Kirkland team included corporate lawyers Michele Cumpston, Jeffrey Siwik and Sean Kramer; debt finance lawyers Andrea Weintraub, Brian Ford and Kendra Armstrong; and tax lawyer Devin Heckman.